Forex Auction number 7, rate now at 80.47

This week’s foreign exchange auction has been completed and the results are as follows:

• Amount Allotted US$ 18 531 336.74
• The Highest Rate ZWL$ 87.00
• The Lowest Rate ZWL$ 70.00
• The Lowest Bid Accepted Rate ZWL$ 78.00
• Total Bids: US$ 19 773 961.25

Weighted Average Rate ZWL$80.4663

PURPOSE	AMOUNT ALLOTTED
Raw materials	7,566,099.30
Machinery and Equipment	4,506,804.60
Pharmaceuticals and Chemicals	1,710,908.75
Retail and Distributions	1,444,143.82
Consumables	1,326,311.90
Services	1,221,265.77
Fuel, Electricity and Gas	552,802.60
Paper and Packaging	203,000.00
TOTAL	18 531 336.74